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2 August 2024 at 18 : 51 PM
Investment Funds: Monthly Digest: From VCFs to MVCFs: SEBI’s New Framework Eases Transition and Enhances Flexibility
Read MoreAugust 02, 2024 From VCF to MVCF: SEBI’s New Framework Eases Transition and Enhances Flexibility Migrated Venture Capital Fund introduced as a sub-category under Category I Alternative Investment Funds for Venture Capital Funds seeking to migrate to the AIF framework from the erstwhile VCF Regulations. Minimum disclosures in the PPM mandated; No registration fees; […]
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2 August 2024 at 10 : 21 AM
Yes, Governance Matters.: Term Sheet Tactics: VCs Steering Start-up Governance
Read MoreAugust 02, 2024 Term Sheet Tactics: VC Steering Start-up Governance Term sheets outline the basic terms of investment transactions, setting expectations for governance. VCs now insist on stricter governance rights due to increased start-up competition and governance issues Negotiating a term sheet is a critical step in the investment process, serving as the […]
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1 August 2024 at 17 : 44 PM
Technology Law Analysis: From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions
Read MoreAugust 01, 2024 From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions This article was first published in The National Law Review (July 29, 2024). Earlier this year, the Reserve Bank of India (RBI) released draft directions proposing to amend the currently applicable Payment Aggregators guidelines issued on […]
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1 August 2024 at 09 : 26 AM
M&A Lab: Decoding Burman Family’s Hostile Takeover of Religare
Read MoreAugust 01, 2024 DECODING BURMAN FAMILY’S HOSTILE TAKEOVER OF RELIGARE Enter the arena of a rare boardroom clash for control of a non-promoter led listed financial services entity in India. Picture Religare Enterprises Limited (“REL”) caught in the vortex of a takeover saga instigated by the Burman Family. What commenced as a conventional acquisition […]
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30 July 2024 at 14 : 38 PM
Heaven Sent: The Abolition of Angel Tax
Read MoreJul 30, 2024 In this episode, we dive deep into the Finance Minister of India’s groundbreaking announcement during her recent budget speech: the abolishment of Angel Tax. We explore what Angel Tax is, and the significant challenges it posed to investors and startups. The episode unpacks the criticisms surrounding this tax, highlighting how it […]
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26 July 2024 at 18 : 36 PM
Companies Act Series: Should the Beneficial Owner under Section 89 of Companies Act, 2013, be only a natural person?
Read MoreJuly 26, 2024 Should the Beneficial Owner under Section 89 of Companies Act, 2013, be only a natural person? MCA notifies Companies (Management and Administration) Amendment Rules, 2024 to roll out new Web-Form MGT-6. E-form MGT 6 is the return to report the declaration received by the registered and beneficial owner in shares of […]
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25 July 2024 at 16 : 27 PM
Dispute Resolution Hotline: Time to view Arbitration as a Parallel rather than an Alternative Dispute Resolution Mechanism?
Read MoreJuly 25, 2024 TIME TO VIEW ARBITRATION AS A PARALLEL RATHER THAN AN ALTERNATIVE DISPUTE RESOLUTION MECHANISM? Government Guidelines: Recent guidelines discourage routine arbitration in domestic procurement contracts, limiting its default use to disputes below INR 10 crores and mandating careful consideration for higher-value disputes. Role of Arbitration: Despite governmental caution, arbitration appears to […]
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25 July 2024 at 14 : 34 PM
Dabba Trading and Its Regulatory Landscape in India
Read MoreJul 25, 2024 In this podcast, Vasavi Kaparthi and Sapna Kataria of the corporate team at Nishith Desai, discuss and delve into the concept of dabba trading and its regulatory landscape in India. Recently, dabba trading has made headlines as the national stock exchange has cautioned investors against individuals and entities offering trading services […]
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25 July 2024 at 11 : 31 AM
Insolvency and Bankruptcy Hotline: Can a credit contained in an arbitral award be used to initiate corporate insolvency resolution process under India’s Insolvency and Bankruptcy Code, 2016?
Read MoreJuly 25, 2024 CAN A CREDIT CONTAINED IN AN ARBITRAL AWARD BE USED TO INITIATE CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER INDIA’S INSOLVENCY AND BANKRUPTCY CODE, 2016? This article was first published in Insolvency and Restructuring International Vol 18 No. 1 (May 2024). India’s Supreme Court has held that a final judgment or decree from […]
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24 July 2024 at 10 : 27 AM
India Budget Analysis 2024-25
Read MoreFor International Business Community July 24, 2024 UNION BUDGET 2024: PAVING THE WAY FOR DEVELOPED INDIA The Finance Minister, Ms. Nirmala Sitharaman (FM) presented the Union Budget (“Budget”) for financial year (“FY”) 2024-25 on July 23, 2024. This was the first Budget of the newly elected Government. Compared to the last two terms, there was […]
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20 July 2024 at 14 : 02 PM
Deal Corner: NDA Represents Steadview Capital Mauritius Limited in its investment in Ethereal Machines Private Limited
Read MoreJuly 20, 2024 NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN ITS INVESTMENT IN ETHEREAL MACHINES PRIVATE LIMITED DEAL BRIEF Steadview Capital Mauritius Limited (“Steadview”) participated as one of the lead investors in a USD 13 Million Series A round of funding for the manufacturing startup, Ethereal Machines Private Limited (“Ethereal”), which included other investors […]
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19 July 2024 at 12 : 45 PM
Dispute Resolution Hotline: Guesstimates in assessing damages by the arbitrator a possibility? Delhi High Court opines
Read MoreJuly 19, 2024 GUESSTIMATES IN ASSESSING DAMAGES BY THE ARBITRATOR A POSSIBILITY? DELHI HIGH COURT OPINES A division bench of the Delhi High Court held that arbitrators may use “guesswork” and “rough and ready” methods for calculating damages when precise quantification of losses is difficult, but not impossible. The court also held that under […]
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15 July 2024 at 16 : 11 PM
New Publication: Evolution of Generative AI
Read MoreLegal, Regulatory and Ethical Frontiers July 15, 2024 The rise of generative artificial intelligence (“GAI“) technologies presents a multifaceted legal landscape that demands thorough exploration and regulation. Our research paper discusses the techniques behind generating various types of content through GAI models and lays forth a description of the training processes for these […]
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12 July 2024 at 17 : 39 PM
Regulatory Digest: Mid-Year FPI Wrap 2024: Developments in the Foreign Portfolio Investor Regime
Read MoreJuly 12, 2024 MID-YEAR FPI WRAP 2024: DEVELOPMENTS IN THE FOREIGN PORTFOLIO INVESTOR REGIME The significant developments in the FPI space in the first half of 2024 are: Release of updated Master Circular for FPIs. Amendment to circular mandating additional disclosures by FPIs that fulfil certain objective criteria. Circular on relaxation of timeline for […]
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12 July 2024 at 17 : 20 PM
FEMA Regulatory Services Unit in Citibank (July 09, 2024)
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12 July 2024 at 09 : 34 AM
Investment Funds: Monthly Digest: SEBI Approves Borrowings for AIFs and Cap On Large Value Fund Extensions: Insights and Implications
Read MoreJuly 12, 2024 SEBI APPROVES BORROWINGS FOR AIFS AND CAP ON LARGE VALUE FUND EXTENSIONS: INSIGHTS AND IMPLICATIONS SEBI permits borrowing by Category I and Category II AIFs to meet temporary shortfall in drawdown from investors. Cooling off period of 30 days to be applicable between 2 instances of borrowing. SEBI caps extension of […]
